Hi Trader,
Thanks for taking the class!
As requested here's where you will have FULL access for LIFE to part 1.
Login URL: https://theotrade.com/member-login/
Username: indra21poetra@gmail.com
Password: TY$VGIJS
Here's the direct link: https://theotrade.com/member-home/member-classes-archive/options-strategy-classes/guide-to-surviving-and-thriving-in-extreme-volatility-part-1/
If you're a binge watcher and want to check out the other classes please visit this page:
www.theotrade.com/inflationclass (not clickable, please type in browser as it's a special deal)
Ok, let's talk...
I want to hit on some serious points of note again, as I can't stress enough their importance for your trading career regarding trading in Volatility like we're dealing with today.
Your position size is CRUCIAL. As I explained in the class, the VIX provides you with your first insights into the current state of the market, and more importantly the percentage of the VIX will tell you just how volatile a market is, and how much you could swing in a position.
Higher the VIX the higher the reward, but also the risk. Keeping that in mind, as you grow more confident you'll find yourself managing the VIX with your position size differently depending on your profit goals.
Consider that if the volatility doubles, you could literally cut your position size in half (say from 20k to 10k) and still hold the same profit and loss swing targets.
In order to avoid those losses and to take part in the profits, you must manage your stop orders and be ok with sticking to them. There are times when you'll see that you missed a move...and be grateful when they save you from taking a massive and often very fast loss. As the volatility increases or decreases, you'll manage your stop orders tighter or more 'upside' heavy as you learn how to stay ahead of the swings.
That's all for now...tomorrow I'll share some insights on liquidity and some survival techniques that have kept me out of the red more times than I can count!
Here's your access again:
Login URL: https://theotrade.com/member-login/
Username: indra21poetra@gmail.com
Password: TY$VGIJS
Here's the direct link: https://theotrade.com/member-home/member-classes-archive/options-strategy-classes/guide-to-surviving-and-thriving-in-extreme-volatility-part-1/
Warm Regards,
Don Kaufman
Chief Market Strategist
TheoTRADE
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